Manitex International, Inc. (MNTX) Financial Statements (2023 and Earlier)

Company Profile

Business Address 9725 INDUSTRIAL DRIVE
BRIDGEVIEW, IL 60455
State of Incorp. MI
Fiscal Year End December 31
Industry (SIC) 3559 - Special Industry Machinery, Not Elsewhere Classified (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments21,35917,16123,36024,5085,3665,314
Cash and cash equivalents21,35917,16123,36022,3485,3665,314
Short-term investments   2,160  
Restricted cash and investments222240217245352773
Receivables32,55430,59736,26547,82248,57934,064
Inventory, net of allowances, customer advances and progress billings64,96556,05558,73458,02454,36069,487
Inventory64,96556,05558,73458,02454,36069,487
Disposal group, including discontinued operation     46,645
Other undisclosed current assets2,4362,2184,8411,3941,6653,851
Total current assets:121,536106,271123,417131,993110,322160,134
Noncurrent Assets
Operating lease, right-of-use asset3,5634,0682,274
Property, plant and equipment16,46018,72319,34820,24922,03821,839
Long-term investments and receivables    11 
Long-term investments    11 
Intangible assets, net (including goodwill)36,89543,14349,66761,07174,58370,654
Goodwill24,94927,47232,63536,29843,56939,669
Intangible assets, net (excluding goodwill)11,94615,67117,03224,77331,01430,985
Disposal group, including discontinued operation, noncurrent assets     72,177
Deferred income tax assets178247 
Other noncurrent assets1,1431,1432811,5701,4751,605
Other undisclosed noncurrent assets  4152,36616,759545
Total noncurrent assets:58,23967,32471,98585,256114,866166,820
TOTAL ASSETS:179,775173,595195,402217,249225,188326,954
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities54,67540,33839,29946,14545,45644,079
Accounts payable44,13632,42929,97436,89635,38633,801
Accrued liabilities10,5397,9099,3259,24910,07010,278
Deferred revenue7,1212,3631,618
Debt18,80016,85419,60823,12829,50926,542
Due to related parties203522281,3711,3312,098
Disposal group, including discontinued operation     23,631
Contract with customer, liability2,310
Other liabilities    3,1322,150
Other undisclosed current liabilities1,0644,9147,323   
Total current liabilities:81,86364,52168,07672,95479,42898,500
Noncurrent Liabilities
Long-term debt and lease obligation, including:29,12733,35325,3915,0615,4836,004
Long-term debt, excluding current maturities22,80626,23119,44623,13439,54952,789
Finance lease, liability3,8224,2214,584
Capital lease obligations5,0615,4836,004
Operating lease, liability2,4992,9011,361
Other undisclosed long-term debt and lease obligation   (23,134)(39,549)(52,789)
Liabilities, other than long-term debt5,9706,8126,5806,4088,56851,072
Deferred revenue and credits9691,058
Deferred gain on sale of property507587667842
Deferred tax liabilities, net923,3843,242
Deferred income tax liabilities1,0741,333 
Disposal group, including discontinued operation, liabilities     42,645
Other liabilities4,3894,8925,9135,4744,2154,127
Other undisclosed noncurrent liabilities  15,80544,82260,86473,749
Total noncurrent liabilities:35,09740,16547,77656,29174,915130,825
Total liabilities:116,960104,686115,852129,245154,343229,325
Stockholders' equity
Stockholders' equity attributable to parent62,81568,90979,55088,00470,84572,465
Common stock132,206131,455130,710130,26097,66194,324
Additional paid in capital3,2643,0252,7932,6742,8022,918
Accumulated other comprehensive loss(4,219)(1,708)(3,700)(3,169)(1,035)(4,272)
Accumulated deficit(68,436)(63,863)(50,253)(41,761)(28,583)(20,505)
Stockholders' equity attributable to noncontrolling interest     25,164
Total stockholders' equity:62,81568,90979,55088,00470,84597,629
TOTAL LIABILITIES AND EQUITY:179,775173,595195,402217,249225,188326,954

Income Statement (P&L) ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues211,539167,498224,776242,10764,478173,197
Revenue, net64,478173,197
Cost of revenue
(Cost of Goods and Services Sold)
(175,377)(136,632)(184,320)(198,060)(176,266)(143,260)
Other undisclosed gross profit(3,226)   121,965 
Gross profit:32,93630,86640,45644,04710,17729,937
Operating expenses(37,358)(38,692)(46,441)(44,282)(37,111)(39,911)
Other undisclosed operating income    26,669 
Operating loss:(4,422)(7,826)(5,985)(235)(265)(9,974)
Nonoperating income (expense)1,066(4,219)256(12,022)(7,280)(8,029)
Investment income, nonoperating43975,683168  
Foreign currency transaction loss, before tax(543)(813)(844)(814)(1,149)(1,115)
Interest and debt expense(2,084)595(4,603)(5,508)(6,498)(1,439)
Other undisclosed income from continuing operations before equity method investments, income taxes  4,6035,5086,4981,439
Loss from continuing operations before equity method investments, income taxes:(5,440)(11,450)(5,729)(12,257)(7,545)(18,003)
Income (loss) from equity method investments   (409)360 
Other undisclosed income (loss) from continuing operations before income taxes2,084(595) (1) (5,752)
Loss from continuing operations before income taxes:(3,356)(12,045)(5,729)(12,667)(7,185)(23,755)
Income tax expense (benefit)(1,217)(674)(2,763)(511)118566
Loss from continuing operations:(4,573)(12,719)(8,492)(13,178)(7,067)(23,189)
Loss from discontinued operations (891)  (737)(14,478)
Loss before gain (loss) on sale of properties:(4,573)(13,610)(8,492)(13,178)(7,804)(37,667)
Other undisclosed net income   1  
Net loss:(4,573)(13,610)(8,492)(13,177)(7,804)(37,667)
Net income attributable to noncontrolling interest     574
Other undisclosed net loss attributable to parent    (274) 
Net loss available to common stockholders, diluted:(4,573)(13,610)(8,492)(13,177)(8,078)(37,093)

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net loss:(4,573)(13,610)(8,492)(13,177)(7,804)(37,667)
Other comprehensive income (loss)(2,511)1,992(531)(2,134)3,2371,120
Comprehensive loss:(7,084)(11,618)(9,023)(15,311)(4,567)(36,547)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest    (274)574
Comprehensive loss, net of tax, attributable to parent:(7,084)(11,618)(9,023)(15,311)(4,841)(35,973)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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